The CFPB identifies which of the following as a consumer protection law category?

• A. Privacy Protection and Consumer Identification
• B. Credit Reporting and Scoring
• C. Financial Planning and Education
• D. Debt Settlement Regulation

Answer: (A)

The main idea is how the CFPB organizes consumer protection laws into categories that cover different areas of risk in consumer finance. Privacy protection and consumer identification focuses on safeguarding personal information and preventing identity theft, including how data is collected, stored, shared, and protected, as well as how institutions verify a consumer’s identity to prevent fraud. This category directly addresses those protections, and the CFPB explicitly identifies it as a consumer protection law category. While other topics like credit reporting and scoring, financial planning and education, or debt settlement regulation are important areas the CFPB oversees, they aren’t the specific category highlighted for consumer protection law in this context.